Entree Resources Ltd ERLFF

Primary Symbol: T.ETG

Metals & Mining Industrial Metals & Minerals

Entree Resources Ltd. is a Canadian mining company. The Company is focused on the development and exploration of mineral property interests. The Company is principally focused on its Entree/Oyu Tolgoi JV Property in Mongolia. The Entree/Oyu Tolgoi joint venture property includes Lift 1 and Lift 2 of the Hugo North Extension copper-gold deposit, the Heruga copper-gold-molybdenum deposit, and a large underexplored, highly prospective land package. The Oyu Tolgoi project comprises two separate land holdings: the Entree/Oyu Tolgoi JV Property, which is a partnership between Entree and OTLLC, and the Oyu Tolgoi mining license, which is held by OTLLC. The Entree/Oyu Tolgoi JV Property comprises the eastern portion of the Shivee Tolgoi mining license and all the Javhlant mining license. The Company has a 56.53% interest in the Blue Rose Joint Venture. The Company has an interest in acquiring a 0.5% net smelter return royalty on the Canariaco copper project in Northern Peru.

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Entree Resources Ltd > Selling Activity

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Comment by lumpy13on Nov 06, 2023 10:55am

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Post# 35719370

RE:RE:Selling Activity

As I understand it, if ETG and RIO/OT don't reach an agreement on the purchase price by April '24, it goes to arbritration which - based on the value of OT - could be a 2-4x for ETG.

If you want to get more potential upside, buy HCU, which has 25% of ETG (market cap $254m) while HCU's market cap is only $54m. So you're buying ETG shares at an almost 20% discount. HCU also owns a royalty in Antamina and an interest in Hod Maden, which is being developed by SSR.

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